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Porsche to invest more than $7.4B in electromobility by 2022

Green Car Congress

Porsche will invest more than €6 billion (US$7.4 Plans for derivatives of the Mission E are also under way: last week at the Geneva show, Porsche presented a production-ready concept study of the Mission E Cross Turismo. —Oliver Blume, Chairman of the Executive Board of Porsche AG. billion) in electromobility by 2022.

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Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. As part of its electrification efforts, Porsche is seeking a development partnership with the young company. —Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche.

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EV charging network builder Volta announces $125M in Series D funding

Green Car Congress

Volta, a builder of commerce-centric electric vehicle (EV) charging networks, announced an oversubscribed Series D financing of $125 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing.

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IONITY orders 324 350kW EV chargers from ABB for second phase of expansion

Green Car Congress

IONITY, a joint venture of BMW Group, Daimler AG, Ford Motor Company, as well as the Volkswagen Group with Audi and Porsche, has to date opened 202 charging sites across 18 European markets. To finance the necessary chargers, the analysis estimates Europe needs €20 billion over the next 11 years, or €1.8

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Audi to invest ~€14B in electromobility, digitalization and autonomous driving over next 5 years

Green Car Congress

To this end, Audi is working with Porsche to develop the “premium architecture electrification (PPE)” for large electric cars, while the “modular electric drive kit (MEB)” is being realized together with Volkswagen.

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[PRESS RELEASE] POLITICAL PARTIES – LET’S BACK EV POLICIES TO SAVE NEW ZEALAND MONEY

Drive Electric

Finding sites to install charging stations is a challenge, and it can be prohibitive to connect to the network under current settings. Drive Electric has a membership of over seventy leading organisations representing the convergence of the e-mobility ecosystem: finance, automotive, infrastructure, energy and government.

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Volkswagen Group and ride-hailing provider Gett to expand on-demand mobility solutions & activities in Europe

Green Car Congress

Special package offers will conveniently pool various costs such as purchase or finance as well as the necessary insurance and servicing. Alongside brands such as Volkswagen, ŠKODA and SEAT, a special chauffeur service featuring premium brands, such as Audi and Porsche, is also being considered.

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